APIS Capital 3Q22 Investor Letter

Jacob Wolinsky

Published onOctober 19, 2022

Dear Partners,

Table of Contents

Our Flagship Fund was down 3.4% net in Q3 2022. During the past quarter, our longs detracted 5.2% (gross), while our shorts contributed 1.9% (gross). At the end of September, the Fund was approximately 49% net long with the portfolio 89% long and 39% short.

Q3 2022 hedge fund letters, conferences and more

Performance Overview (Gross Returns)

Losses in the Apis Flagship Fund were about half of the market overall during the quarter, primarily due to net positioning and long-side outperformance while shorts were positive but more in line with weak markets. Geographically, Asia contributed, with Korea and Taiwan notably strong. On the other end of the spectrum, longs in Europe dragged on performance by...

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Jacob Wolinsky

Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob worked as an equity analyst covering small caps, a micro-cap analyst, doing member development a large hedge fund community and freelance financial writing. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal id. Other methods of secure communication are also available. FD: I almost exclusively avoid the purchase of equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds. I will disclsoe if I have a stake in any company, but in general avoid

APIS Capital 3Q22 Investor Letter

Performance Overview (Gross Returns)

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